ML20096C829

Notifies of Transfer of Beneficial Interest in Facility by Equity Investor

ML20096C829
Person / Time
Site:	Grand Gulf
Issue date:	12/29/1995
From:	Toy T WINTHROP, STIMSON, PUTNAM & ROBERTS
To:	NRC OFFICE OF INFORMATION RESOURCES MANAGEMENT (IRM)
References
NUDOCS 9601180319
Download: ML20096C829 (2)

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.U.S. Nuclear Regulatory Commission j= Att'n Document Control Desk Washington, D.C. 20555 i

1 Re: Grand Gulf Nuclear Station, Unit 1

4. Docket No. .50-416; License No. NPF-29 ]

! Sale and Leaseback Transaction j' Transfer of Beneficial Interest by Eaulty Investor Ladies and Gentlemen:

This letter is being delivered to the Commission in 4

order to give notice of the transfer by the Successor Equity Investor-identified below'of its beneficial interest in the Grand Gulf Nuclear Station, Unit 1 ("GGNS Unit'1").  ;

On October 19,c1988, System Energy Resources, Inc.

(" Licensee")' submitted to.the. commission an application for

. license' amendment'regarding the sale and-leaseback of &n undivided interest in GGNS Unit 1. Supplemental infornation was provided by letters dated October 31, November 11, D'ecember 7,.

and December 14, 1988. In the October 31, 1988 letter, Licensee identified Public Service Resources Corporation ("PSRC") as a ,

prospective Equity Investor in the sale-and leaseback transactions and informed the NRC that PSRC would after the closing of the transactions transfer its interest to affiliates.

The transactions were subsequently authorized by Amendment No. 54 ,

to Facility Operating License No. NPF-29, issued on December 19, )

1988, and'aupplemented by letter from L. Kintner, NRC, to W.

Cottle, SERI (December 20, 1988).

On December 28, 1988, Licensee and PSRC consummated a sale and leaseback transaction pursuant'to a Participation Agreement, dated as of December 1, 1988. On January 9, 1989, PSRC transferred its interest to Resources Capital Management Corporation ("RCMC" or the " Successor Equity Investor"), a corporation that is wholly-owned by PSRC. Today, RCMC is transferring its interest to RCMC Del., Inc., a corporation that istwholly-owned by RCMC. Today's transfer is being made in a .

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manner which is specifically permitted under the Participation Agreement. Meridian Trust Company will remain the Corporate Owner Trustee for the transaction, and the terms of the Facility Lease will not be affected by the transfer.

If you have any questions, please do not hesitate to call me at 212-858-1344.

s.

Sincerely, bs Lh ae-Timothy Michael Toy i

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1. 30115132.2 )

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